Sometimes what makes sense visually contradicts reality. In other words, while Points One, Two and Three did not 'appear' in the order as drawn, what does the market say with respect to the channel. For argument's sake, place Point Two on the next bar to the right of its current location. Does it matter? Does not a Volatility Expansion push out the RTL irrespective of which bar we use initially? Does Price break the RTL on increasing Volume? Points One and Three (The RTL) are the important ones. Sometimes, we simply have to draw things in which 'make sense' visually. We each 'see' things differently, and we each need to form our boundaries accordingly - as long as these boundaries eventually cause us to arrive at the same place. - Spydertrader
I totally see what you are saying however I thought the reason we had the points as 1,2 and 3 was because they HAD to form in that sequence. I see what you mean with this particular example but I'm not convinced yet this plays out the same way consistently. I will continue to do things my way, the way in which I am live trading and doing well and also try to see it this way too to see if indeed its consistent with how price operates.
When volume changes its slope sign on its fractal, a change in sentiment occurs, excepting \/ & \/. This means all the other /\ and \/. So, by repeatedly and correctly drawing volume gaussians on your trading fractal, and learning to recognize the changing of the volume's slope, you can learn to early detect the beginning and the end of the traverse you trade. Use the fact that volume is a leading indicator for price.
Try this: Find Points One and Three of any channel. Then, instead of annotating Point Two where it naturally falls, place Point Two on the same bar as Point One. Do you not ultimately arrive at the same point in the end (albeit with several more Volatility expansion lines)? - Spydertrader
Points 1, 2, 3 happen in this sequence. This doesn't contradict the assertions that points 1 & 2 can be on the same bar, or that points 2 & 3 can be on the same bar, on the fractal you're monitoring. If you zoom in, you'll eventually see them on successive bars.
Attached is an image from today from a situation where I thought there would be a possible point 3. Please take a quick look and let me know your thoughts. Thank you all in advance.
A possible line of thought ... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1635169>
Both on my charts and on your attached chart, I see decreasing black Volume compared to the 11:20 bar. In addition, the next bar is an Outside Bar where we often see Intra-bar changes in Sentiment. Also, the 11:30 AM Bar represents a Stall. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1635172> - Spydertrader